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Crypto · candlestick pattern

Hammer on Cardano

On Cardano the hammer showed up 397 times. The target came first 25% of the time, the stop 65%, and 10% went nowhere within 12 candles.

Counted on Cardano (ADA/USDT): daily candles from January 2021, 4-hour candles from January 2021 and hourly candles from January 2021.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1323%77%0%
4-hour8026%64%10%
Hourly30425%65%10%

Cardano against the rest

ChartsFoundTarget firstStop firstWent nowhere
Cardano39725%65%10%
All Crypto charts9,05029%59%12%
Every market11,79231%58%10%

Year by year

YearFoundTarget firstStop first
20216529%71%
20225522%65%
20237621%66%
20248828%60%
20256027%60%
20265325%70%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the hammer is

After a fall, a long lower wick shows buyers stepped in.

Drop a ball on the floor and it bounces back up. A hammer candle is like that: price fell a lot during the candle, then buyers bounced it back up near where it started. The long tail below shows how far it dropped before the bounce.

The full hammer lesson, video and quiz ›

Other patterns on Cardano

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Volume profile rejection · Volume profile bounce · Doji · MACD bullish cross · MACD bearish cross · EMA 9/21 bearish cross · all of them

The hammer elsewhere

Ethereum · Bitcoin · Solana · Litecoin · NEAR Protocol · Chainlink · Uniswap · BNB · Polkadot · Aave · Nifty 50 · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY

Questions

How often does the hammer work on Cardano?

In 397 cases on Cardano, the target (1.5 × ATR) came before the stop (1 × ATR) 25% of the time and the stop came first 65%; 10% went nowhere within 12 candles.

What is the hammer?

After a fall, a long lower wick shows buyers stepped in.